International property services firm Jones Lang LaSalle has reported record full-year revenue of $3.6 bn in 2011, up 23% on the same period a year before. The Chicago-based property firm saw profit rise to $164 mln in 2011, compared with $154 mln a year before.
International property services firm Jones Lang LaSalle has reported record full-year revenue of $3.6 bn in 2011, up 23% on the same period a year before. The Chicago-based property firm saw profit rise to $164 mln in 2011, compared with $154 mln a year before.
The better-than-expected result was driven by double-digit growth in all three geographic areas and the acquisition of King Sturge completed in EMEA during the second quarter of 2011.
The EMEA business line in particular contributed with revenue of $974 mln in 2011, up 34% on the 2010 result of $729 mln.
'Within the challenging economic conditions of many of the countries in which we operate, the firm’s strong market share and healthy pipelines across most of its businesses provide good momentum and reason for optimism entering 2012,' the company said in a statement.
